Los Angeles Fire & Police Pensions (LAFPP)
public plan · City of Los Angeles · Los Angeles, CA
Funding History
What This Means for You
Los Angeles Fire & Police Pensions (LAFPP) is in excellent financial health at 90% funded. This means for every dollar the plan owes in future benefits, it has 90 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2023 | $31.2B | $34.9B | 89.5% | $1.3B |
| 2022 | $30.3B | $34.4B | 88.0% | $1.3B |
| 2021 | $29.3B | $32.2B | 91.0% | $1.2B |
| 2020 | $28.4B | $33.4B | 85.0% | $1.2B |
| 2019 | $27.5B | $31.6B | 87.0% | $1.1B |
Frequently Asked Questions
Los Angeles Fire & Police Pensions (LAFPP) is 90% funded, meaning it has 90 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Los Angeles Fire & Police Pensions (LAFPP) has 27,500 total participants, including 13,500 active employees and 14,000 retirees currently receiving benefits.
Los Angeles Fire & Police Pensions (LAFPP) is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.